Essay Writing English 101 Ibo Tok Essay Topics 2012 Tok Essay Prescribed Topics 2012 Essay Writing 3rd Person Essay Writing Third Person Essay Written In 3rd Person Personal Essay Writing 3rd Grade Teaching Essay Writing 5th Grade Persuasive Essay Sample 5th Grade Expository Essay Sample 5th Grade Argumentative Essay Help Argumentative Essay Writing Powerpoint Argumentative Essay Writing Steps Argumentative Essay Writing Example Essay Help College Confidential College Essay Help Online College Essay Help Forum Help College Essay Writing College Essay Help Free Essay Writing Competitions 2014 Essay Writing Competition 2013 Essay Writing Competition 2013 In India Essay Writing Competition Topics Essay Writing Competition Online Essay Writing Competition India Essay Writing Competition For College Students Essay Writing Competition Pakistan 2013 Essay Custom Writing Service Write Essay Customer Service Essay Writing On Customer Satisfaction Essay Writing On Old Custom Custom Essay Writing Uk Custom Essay Writing Reviews Write My Essay Custom Writing Custom Essay Writing Toronto Essay Writing English My Hobby Essay Writing English Topics Essay Writing English Tips Essay Writing English Examples Essay English Writing Skills Improve Essay Writing English Essay Writing Guide Essay Writing Guide For High School Essay Writing Guidelines For The School Of Biological Sciences Essay Writing Topics Global Warming Essay Written On Global Warming Ielts Writing Essay Global Warming Essay Writing General Topics Ielts General Essay Writing Topics Good Essay Writing Tips Good Essay Writing A Social Sciences Guide Good Essay Writing Skills Good Essay Writing Example Good Essay Writing Topics Good Essay Writing Words Good Essay Writing Phrases Essay Writing How To Write An Introduction Essay Writing How To Improve Your English Essay Writing How To Make Cake Essay Writing How To Reference Essay Writing How To Save Water Essay Writing How To Analyse Essay Writing How To Quote Essay Writing How To Prevent Dengue Essay Writing Jobs Online Free Essay Writing Jobs Online Online Essay Writing Jobs In India Online Essay Writing Jobs Pakistan Online Essay Writing Jobs Philippines Online Essay Writing Jobs In Kenya Essay Writing Jobs Uk Online Essay Writing Jobs Uk Writing Essays Kids Worksheets Essay Writing For Kids In English Essay Writing For Kids In Hindi Essay Writing Template Kids Persuasive Essay Writing Kids Essay Writing Current Topics Writing Literature Essays 20 Student Models Writing Literature Essays Chip Lee Writing Literature Essays Tips Writing Essays About Literature A Guide And Style Sheet Writing Essays About Literature By Kelley Griffith Writing Essays About Literature Pdf Writing Essays About Literature 8th Edition Writing Essays About Literature Acheson 1234 Help Me Essay Essay Topics My Friend Essay Writing Topic My Best Friend Example Essay Writing My Best Friend Essay On Writing Skills Essay On Writing Skills In English Reflective Essay On Writing Skills Essay On Improving Writing Skills Essay Writing Skills Worksheet Essay Writing Phrases English Essay Writing Phrases French Essay Writing Phrases In Spanish Essay Writing Phrases German Italian Essay Writing Phrases Essay Writing Linking Phrases Academic Essay Writing Phrases Essay Writing Rules Numbers Reflective Essay Writing Guide Reflective Essay Writing Process Reflective Essay Writing Portfolio Reflective Essay Writing In The First Person Essay Samples Scholarship Essay Writing Structure Essay Writing Structure Template Essay Writing Structure Examples Essay Writing Structure Tips Essay Writing Structure For Kids Essay Writing Structure In Ielts Essay Writing Structure High School Essay Writing Introduction Paragraph Essay Writing Introduction Structure How To Write Essay Introduction Sample Essay Writing Tips In Urdu Language Essay Writing Tips University Level Boston University Essay Writing Tips University Of Toronto Essay Writing Tips College Essay Help Online Free Online Help For Essay Writing Online Help For Essays Online Help For Writing An Essay For Free Help Online With Essay Online Help With Essay Writing Online Help With College Essays Free Online Help With Writing Essays Essay Header Mla Format Essay Format Mla Sample Essay Mla Format Template Sample Essay Outline Mla Mla Format Persuasive Essay Outline Essay Title Mla Essay Format Mla Style Essay Format Mla Examples Essay Cover Mla Heading An Mla Paper Mla Essay Format Quoting Mla Paper Format Citation Essay Heading Mla Format Mla Format Essay Heading Date Essay Title In Mla Format Article Title In Essay Mla Mla Essay Title In Italics How To Write Essay Title In Mla Essay Title Italicized Mla Mla Heading Of Essay Mla Format Of Essay Example Mla Format Of Essay Writing Mla Heading College Essay Mla Format Title Of Essay Mla Format Collection Of Essays Mla Format Book Of Essays Mla Format Structure Of Essay Essay Title Page Mla Essay Cover Page Mla Essay Cover Page Mla Format College Essay Cover Page Mla How To Make An Essay Title Page Mla Title Page For Comparative Essay Mla Format Essay Outline Mla Sample Analytical Essay Mla Format Sample Formal Essay Heading Format Formal Essay Title Format Formal Essay Title Page Format Essay Hooks About Love 1984 Essay Hooks Essays On Bell Hooks Talking Back Bell Hooks Essay On Love Comparison And Contrast Essay Hooks Essay Hook Discrimination Essay Discrimination Conclusion Good Hook American Dream Essay College Essay Hooks Examples Persuasive Essay Hooks Examples Essay Hooks About Food Essay Hook Attention Grabber Essay Introduction Attention Grabber Essay Hook Sentence Ideas Essay Introduction Sentence Examples Hooks In Essay Writing Types Of Hooks In Essay Writing Good Hooks In Writing Essays Immigration Essay Hooks Essay Hooks List Essay Hook Lesson Plan Essay Conclusion Lesson Plans Literary Analysis Essay Hooks Bell Hooks Essay Madonna Narrative Essay Hooks Essay Hook On Technology Essay Introduction On Technology Essay Conclusion Powerpoint Essay Types Of Hooks Persuasive Essay Hooks Argumentative Essay Hooks Essay Hooks Quotes Essay Hook Sentences Essay Conclusion Sentences Essay Intro Sentence Essay Introduction Sentence Starters Essay Hook Statement Essay Intro Sentence Example Good Essay Topic Sentence Examples Essay Writing Topic Sentence Examples Narrative Essay Topic Sentence Examples College Essay Topic Sentences College Essay Introduction Sentence Essay Hook For Slavery Good Hook For Slavery Essay Essay Conclusion Tips Essay Hooks Worksheet Essay With Hook Sample Essay With Hook Essay With A Hook Example Starting Essay With Hook Essay Hook Types Essay Yazarken Hook Essay Help Software Essay Writing Students 3 Paragraph Essay Writing For Kids Writing Essays College Tips Essay Topics College Essay Writing For Dummies Pdf Essay Writing For Dummies Ebook Essay Writing For Dummies Amazon Essay Writing For Dummies High School Essay Writing For Dummies Download Essay Writing For Dummies Pdf Download Academic Essay Writing For Dummies Essay Help Free Online Essay Writing Free Essay Writing Free Online Help Writing A Essay For College Help With My Essay For College Help With Personal Essay For College Essay Writing For English Tests Essay Writing For English Tests Pdf Essay Writing For English Essay Writing For English Tests Gabi Duga Pdf Essay Writing For English Tests Free Download Essay Writing For English Proficiency Test Essay Writing For English Proverbs Essay For Helping Others Essay For Helping People Essay Help For Free Essay Help For Kids Essay Help For College Application Essay Help For To Kill A Mockingbird Essay Writing Example Introduction Essay Writing Jobs Freelance Freelance Essay Writing Jobs Uk Freelance Essay Writing Jobs India Essay Writing Japanese Essay Written Japanese Essay Topics Japanese History Japanese Essay Writing Style Essay Writing Lesson Plans High School Essay Writing Lesson Plans Esl Essay Writing Lesson Plans 5th Grade Persuasive Essay Writing Lesson Plans College Essay Writing Lesson Plans Essay Help Macbeth Essay Writing Macbeth Sample Essay Macbeth Essay Writing Made Easy Stephen Mc Laren Essay Writing Made Easy With The Hourglass Organizer Essay Writing Made Easy Pdf Essay Writing Made Easy Excel Essay Writing Made Easy Kids Essay Writing Made Easy Amazon Peel Essay Writing Made Easy Essay Writing Topic Myself Essay Topics My Family Essay Writing Topics My Family English Essay Writing My Family Example Essay Writing My Family English Essay Topics My Family Essay Writing Narrative Essay Writing Narrative Essay Example English Essay Narrative Writing Narrative Essay Writing Tips Narrative Essay Writing Worksheets Writing Narrative Essay Powerpoint Narrative Essay Writing Lesson Plan Essay Topics Of Ielts Essay Writing Ielts Samples Essay Writing Ielts General Training Essay Writing Ielts Task 1 Essay Writing Using Quotes Essay Writing Introducing Quotes Essay Questions For The Help By Kathryn Stockett Common App Essay Questions Help Common Application Essay Questions Help Essay Writing Rubric Essay Writing Rubric High School Essay Writing Rubric For Middle School


Philippine Renewable Energy News Bulletin 1 & 2 – July 13-14, 2009

July 14th, 2009 Posted in renewable energy

Philippine Renewable Energy News Bulletin 1 – July 13, 2009

Your favorite energy technology expert is launching his maiden issue of Renewable Energy News to highlight recent developments arising from the passage of the Philippine Renewable Energy (RE) Law and its Implementing Rules and Regulations (IRR).  After almost a long 10 year wait, this important piece of legislation has passed deliberations in both chambers of the Philippine Congress and Senate and was signed into law by President Gloria Macapagal Arroyo.

“Renewable energy to lower power costs – DOE official” is the banner story of Monday’s 13 July 2009 issue of Philippine Star BUSINESS Section (page C-2).

Department of Energy (DOE) Assistant Secretary Mario Marasigan said the use of renewable energy could lower power rates.  Fiscal and non-fiscal incentives for projects under the Renewable Energy Act could help reduce electricity rates.

He said the Energy regulatory Commission (ERC) would see to it that benefits of the RE Law would trickle down to the consumers.  “It’s the role of the ERC.  The reduction will definitely be felt by the consumers.  The ERC will determine the impact of all these incentives.

Taking into consideration the tariff cuts spelled out in the IRR of the RE law will likely bring down electricity rates.

“For instance, if a wind energy project is selling P7 per kWh and after applying the tariff incentives in the RE law, it went down to P4-4.50 per kWh, then it will be translated to lower rates to end-consumers.  It depends on the ERC’s discretion.  All rate-related issues are addressed by the ERC”, he said.

Fiscal Incentives for RE resource developers:

1) 1% of gross income on RE development projects

2) income tax holiday for 7 years

3) corporate income tax of 10% of net taxable income (versus 32-35%)

4) 10-year exemption from customs tariff duties on imported capital equipment

5) net operating loss carry over

6) accelerated depreciation

7) zero percent (0%) value added tax (VAT) rate

8) cash incentive for missionary electrification (UC ME Subsidy = full cost recovery rate – subsidy approved retail rate)

9) special realty tax

10) tax exemption on custom credits, and

11) tax credit on domestically sourced capital equipment

12) 10-year duty free importation on capital equipment

13) VAT exemption of all types of agricultural equipment and machinery

14) tax rebates on purchase of RE components

Expected Fresh Capital Investments

With the signing of the IRR of the RE law, the Philippines expects to generate up to $10 billion in fresh capital from RE development in the next 10 years.

DOE Secretary Angelo Reyes earlier said that there are already a number of interested investors that have lined up for pre-qualification at the DOE.

“Our objective is to double the power being generated from RE sources from 4,500 MW to 9,000 MW in 10 years,” he said.

Based on estimates, a RE project may need an investment of about $1-2 million per MW ($1,000-2,000 per kW).

Reyes said the Philippines has a potential capacity of 200,000 MW from RE (wind, solar, mini/micro hydro, biomass, ocean thermal, ocean wave, etc.).

“Investors are aggressively coming in as they see the potential of RE development in the country,” he said.

Philippine Renewable Energy News Bulletin 2 – July 14, 2009

“Over 100 renewable energy projects in the pipeline – DOE” is the second banner story in Tuesday’s issue of Philippine Star BUSINESS section (page B-5).

DOE Assistant Secretary Mario Marasigan said “Over 100 projects involving renewable energy (RE) are now in the pipeline following the passage of the Renewable Energy Act last year”.  The stream of projects and investment proposals reflect growing investors’ confidence on the RE program of the government.

“Right after the passage of the law, we started receiving a lot of inquiries and letters of intent.  From that time to date, we can be proud that more than 100 projects have been listed in our office,” he said.  Among the projects under various stages of development are:

1) 80 mini & micro hydro energy projects

2) 30 wind power ventures

3) 5 biomass power plants

“The extent of our coastline and shorelines, when connected with one another, is even longer that those in the US, East and West Mumbai – meaning we have a bigger opportunity of developing our energy resources from ocean areas,” he said.

In addition, the DOE is currently in the process of evaluation 3 big hydro power facilities: Bolanog-Batang, Pulangi and Agus located in Cagayan de Oro, Misamis Oriental and Lanao, respectively.  Between 150 to 300 MW of power is expected.

He said the Bolanog-Batang, Agus-3 and Pulangi-5 will be developed by a local group in a joint venture with different partners.

Prospective Investors are encouraged to get in touch with the author for assistance in selecting projects your company would wish to invest in.

Likewise, if you need project finance models that incorporate the RE law incentives, please contact the author for your specific needs.

I would like to invite you and your company to continue supporting this blog thru the DONATE button.  You may order my power generation technology articles and project financial models thru the ENERGY DATA page. Thanks!

Marcial T. Ocampo

(Friendly note: All content written by Engr. Marcial T. Ocampo are copyrighted and may not be redistributed in any way or form.)

2 Responses to “Philippine Renewable Energy News Bulletin 1 & 2 – July 13-14, 2009”

  1. renewable energy fuel Says:

    renewable energy fuel…

    Philippine Renewable Energy News Bulletin 1 & 2 – July 13-14 2009July 14t [...]…

  2. admin Says:

    Thank you for the trackback – shopping solar panel info.


Leave a Reply

XHTML: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>